The trend reversal had been expected following EU economic sanctions imposed against Russia over its perceived role in the Ukraine conflict and the annexation of Crimea.

"Chinese suppliers are clearly at an advantage at the moment," VDMA's Monika Hollacher said in a statement. "They don't have to grapple with any sanctions and, when needed, provide their own financing offers to boot."

advertisement

Makes every sense. When you buy expensive industrial machinery you want to get it from people who will be willing to sell you spare parts as well. Not just today but also years and decades from now.

With Germany in thrall of Washington and the spectre of more sanctions always looming buying German isn't terribly attractive.